- Unconfirmed rumours of SEC doing a flip, has seen Bloomberg commentators increasing the odds of approval this week to 75%.
- ⁠Exchanges are being asked to update 19b-4 filings on an accelerated basis suggesting approval is imminent.
- ETH spot has rallied over 10% to 3440 with new leveraged longs.
- ⁠Our view is that it is unlikely that spot can settle here, with approval taking us closer to 4k and denial back to